LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          April 26, 1995



 TO:     Honorable Ken Armbrister, Chair        IN RE:  Senate Bill No. 377
         Committee on State Affairs                     By: Armbrister
         Senate
         Austin, Texas







FROM: John Keel, Director

In response to your request for a Fiscal Note on Senate Bill No.
377 (Relating to state agency loan and loan guarantee programs
and the creation, administration, and operation of the Texas
Development Bank to administer state agency loan and loan
guarantee programs and to engage in capital formation initiatives
to further the state's economic and community development goals
of job creation and retention.) this office has determined the
following:

The fiscal implication to the State cannot be determined.

No fiscal implication to units of local government is
anticipated.
    

    







Source:   LBB Staff: JK, BR, DF